Daily Beat

Politics

NYC set to legalize hostels

New York City could legalize hostels under a bill set to be introduced this week in the city...

Acquisitions

Real Estate Roundup 8.14.19

Acquisitions  Rockrose Development has entered into contract to acquire a development site at 96, 98, and 104...

Acquisitions

Masterworks Development acquires 40 West 45th Street

Masterworks Development has acquired 40 West 45th Street from Sam Chang’s McSam Hotel Group for around $64 million. The...

Financing

Magna Hospitality refinances 6 Water Street

Robert Indeglia’s Magna Hospitality Group has secured a $66 million loan from M&T Bank to refinance 6 Water Street....

Leasing

NY Times inks lease in LIC

The New York Times has signed a 57,846 SF lease at 24-01 44th Road (AKA Court Square Place)...

PropTech

RedDoorz raises $45 million

Hospitality startup RedDoorz raised $45 million in a series B round of funding. Qiming Venture Partners and Jungle...

Acquisitions

Real Estate Roundup 8.9.19

Leasing Longevity Brands has signed a 10-year lease for 33,952 SF at Alduwaliya Asset Management’s 250 West...

Acquisitions

Safehold scoops up underlying land at 425 Park Ave

Safehold, a REIT managed by Jay Sugarman’s iStar, has signed a contract to buy the underlying land...

Financing

RXR lands construction financing for Fort Greene project

RXR Realty has secured a $225.6 million financing package from Goldman Sachs for its project on the campus of...